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...smart money these days isn't obsessing about the stock market - it's making huge bets against the euro and the Japanese...
...across national cultures. When Toyota opened its Georgetown, Ky., plant in 1988, hundreds of work-team specialists and other experts were transplanted from Japan for several years to make sure the new plant fully absorbed the Toyota way. That kind of hand-holding may still be possible, but it isn't as easy. How can that be fixed? Says Spear: "The big deal is this question, Does an organization know how to hear and respond to weak signals, which are the problems, or does it have to hear strong signals? You have to listen to weak signals. By the time...
...That, it certainly isn't. Toyota is still an extraordinary outfit, one likely to set the pace in the automotive industry for years. But it can't do so without addressing its shortfalls. Complexity is the enemy of any manufacturer, and rapid growth increases it. "Toyota faced excessive or overwhelming complexity that even its strong capability could not handle adequately," notes University of Tokyo professor Takahiro Fujimoto, who is affiliated with the Wharton School's IMVP. (Read "Toyota's Recall Will Test Customer Loyalty...
...Some investors think any bailout should be the responsibility of the International Monetary Fund, not other E.U. countries. "A large-scale bailout would make taxpayers across Europe liable, either directly or indirectly, for the mistakes of a government over which they have no democratic control. Such a policy simply isn't reasonable and lacks public support," says Pieter Cleppe, head of the Brussels office of Open Europe, a think tank that opposes greater centralization of power in the E.U. Indeed, the IMF has already given millions in bailout money to E.U. countries like Hungary and Latvia, neither of which uses...
That reluctance ruled for three decades until Saint Onge presented his findings to Johnson, a bookish researcher who isn't one to rock the academic boat with unsubstantiated suggestions. But Johnson was so impressed that he co-authored the journal article and is now quite open to the idea that the rock art he's studied his whole adult life might have something to say about the stars. "Whether we're right or not, I don't know, but we keep finding things that strengthen the idea," says Johnson. "And if we keep finding ethnographic support for it, I feel...